Brokers Set Expectations for ALGT Q1 Earnings

Allegiant Travel (NASDAQ:ALGT) – Equities research analysts at Seaport Res Ptn issued their Q1 2025 earnings per share (EPS) estimates for Allegiant Travel in a report released on Tuesday, October 29th. Seaport Res Ptn analyst D. Mckenzie expects that the transportation company will post earnings per share of $1.95 for the quarter. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.47 per share. Seaport Res Ptn also issued estimates for Allegiant Travel’s Q3 2025 earnings at $0.15 EPS.

Several other brokerages have also recently commented on ALGT. Susquehanna upped their target price on shares of Allegiant Travel from $40.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft downgraded Allegiant Travel from a “buy” rating to a “hold” rating and dropped their price objective for the company from $75.00 to $53.00 in a report on Monday, July 8th. TD Cowen raised their target price on Allegiant Travel from $33.00 to $42.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Evercore ISI upped their price target on Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Finally, Barclays reduced their price objective on shares of Allegiant Travel from $55.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.13.

Allegiant Travel Trading Down 4.9 %

Shares of NASDAQ ALGT opened at $60.69 on Wednesday. Allegiant Travel has a fifty-two week low of $36.08 and a fifty-two week high of $85.91. The firm has a market capitalization of $1.11 billion, a P/E ratio of -68.19, a P/E/G ratio of 3.11 and a beta of 1.65. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.74 and a quick ratio of 0.71. The company’s 50 day simple moving average is $50.44 and its 200 day simple moving average is $50.77.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Wednesday, July 31st. The transportation company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.93. The company had revenue of $666.28 million for the quarter, compared to analyst estimates of $657.74 million. Allegiant Travel had a negative net margin of 0.57% and a positive return on equity of 3.48%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.35 EPS.

Hedge Funds Weigh In On Allegiant Travel

Hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its holdings in Allegiant Travel by 34.3% during the third quarter. Harbor Capital Advisors Inc. now owns 10,198 shares of the transportation company’s stock worth $562,000 after purchasing an additional 2,607 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in Allegiant Travel by 20.2% during the 3rd quarter. Donald Smith & CO. Inc. now owns 993,474 shares of the transportation company’s stock worth $54,701,000 after buying an additional 167,148 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Allegiant Travel by 136.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock worth $29,000 after buying an additional 304 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Allegiant Travel in the 3rd quarter valued at about $63,540,000. Finally, Signaturefd LLC increased its position in shares of Allegiant Travel by 149.2% in the third quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 273 shares during the last quarter. 85.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Allegiant Travel news, COO Keny Frank Wilper sold 635 shares of Allegiant Travel stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total value of $39,808.15. Following the transaction, the chief operating officer now owns 16,353 shares of the company’s stock, valued at approximately $1,025,169.57. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Gary Ellmer sold 1,000 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the transaction, the director now directly owns 7,490 shares in the company, valued at approximately $337,050. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Keny Frank Wilper sold 635 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total value of $39,808.15. Following the completion of the sale, the chief operating officer now owns 16,353 shares in the company, valued at $1,025,169.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,334 shares of company stock valued at $117,158. 15.80% of the stock is owned by corporate insiders.

Allegiant Travel Company Profile

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.